Cathay Financial shares up after China United deal

The China Post - Cathay Financial Holding Co., Taiwan's largest financial group, climbed to a two-month high in Taipei after agreeing to take over China United Trust & Investment Corp. The stock rose NT$1.60, or 2 percent, to NT$83.40 at the 1:30 p.m. local time close, the highest since July 31. Full Story